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committee, appears to have the support of the most powerful democrat in congress, majority leader harry reid. >> so i have the utmost confidence in him as. as to the rest of the investigation, they'll have to be handled the way they're all handled around here, in depth. the ethics committee are taking a look at it. >> there's some relatively serious allegations here. are you confident he did nothing wrong? >> i have confidence he did not, did nothing wrong but that's what's investigations are all about. >> reporter: the rnc released an e-mail that says senator menendez is becoming, quote, a headache for democrats. in the e-mail, identifying owe mendez as d-obama problem. >> so he's obviously willing to fight back. >> i think it shows his office is now turning a corner. last week he was sort of dodging reporters. he he was going down stairwells that even reporters who cover that beat often don't know about. this suggests with his office e-mailing out this video from univision that they're ready to fight back on these allegations. >> i know you'll stay on top of the story. >>> president obama
york times." he begins with these words. on july 26, 2011, jack lew went to harry read's budget for a session. according to bob woodward's book, they came up with a trigger idea to force a budget deal. what's the idea, reid asked? sequestration, lew said. reid folded himself over with his head between his knees as if he was going to throw up. here's the question. if this is such a horrible idea, sequestration or these forced budget cuts, why did the white house come up with this idea to begin with? >> well, as you remember, wolf, in the summer of 2011, we were facing a situation where the nation was about to default for the first time in its history because republicans were refusing to agree to a balanced approach to a deficit reduction. both sides were looking for a way to craft a deal that would avoid default and a trigger mechanism. sequestration, which is a word that most americans have never heard before, is simply a way of crafting policy that was so onerous that would cause cuts that nobody liked, republicans or democrats, and because of that they would compel the prospec
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